World Container Index Update

05 Aug World Container Index Update

The latest Drewry World Container Index (WCI) increased by 7% to US$5117 per 40-foot container this week, which is 260% higher than average 2019 (pre-pandemic) rates of US$1420.

The average composite index for the year to date is US$3510 per 40-foot container, which is $768 higher than the 10-year average rate of $2742.

The following trade routes experienced increases: Shanghai-Rotterdam (11%), Shanghai-Los Angeles (7%), Shanghai-New York (3%), Rotterdam-Shanghai (2%) and Shanghai-Genoa (2%).

Conversely, the following route experienced decreases: New York-Rotterdam (-1%). and Rotterdam-New York (-1%). Meanwhile rates from Los Angeles-Shanghai remained stable.

Freight rates from China are expected to increase over the coming weeks.

FOLLOW US FOR THE LATEST NEWS!

Simply click here to follow our LinkedIn Company Page to stay up-to-date with the latest industry news that may impact your business.